SearchGold Reports on $4,000,000 Swala Financing

SearchGold Resources Inc. (TSXV:RSG) is pleased to provide an update on Swala Resources plc and its Burkina Faso operations in West Africa.

The press release is quoted as saying:

Swala completed a pre-IPO private placement of CAD 4,000,000 financing in late 2010. The funds were raised to advance Swala’s various projects with a significant emphasis on the exploration and development of the Arae-Gassel gold project in Burkina Faso.An important work program is planned for Arae-Gassel in Burkina Faso during Q1 2011. Highlights include : a low-altitude airborne geophysical survey covering the Arae and Gassel-Manere Exploration Licences is planned to start in early January 2011, as soon as the survey permits are granted. The data and interpretation should be available by early February 2011, an extensive soil-sampling programme using hand-pitting and Auger/RAB drilling will be carried out over areas not previously sampled.

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